Step-by-Step Guide to the Commercial Loan Application Process
Whether you're purchasing a property, refinancing, or launching a development project, Crestico lays out a straightforward roadmap to get you from idea to funded.
At Crestico, we simplify the commercial loan process to help you move forward with confidence. Whether you’re purchasing property, refinancing, or funding a new development, this guide outlines each step from initial inquiry to closing.
Navigating the commercial loan process can be complex — but with the right guidance, it doesn’t have to be overwhelming. At Crestico, we’ve helped hundreds of investors, business owners, and developers secure the right financing for their commercial real estate needs. This guide outlines every phase of the application journey, from your first conversation with us to the final disbursement of funds — and beyond.
Specialized Commercial Loans | Hard Money & Portfolio Options?
Step-by-Step Commercial Loan Application Process
Initial Consultation & Loan Strategy
The first step is a personalized consultation to understand your commercial real estate goals. Whether you’re buying, refinancing, or developing property, Crestico’s loan experts assess your needs and objectives to develop the right financing strategy.
Pre-Qualification & Financial Assessment
In this step, Crestico evaluates your financial standing to determine your eligibility and match you with the most suitable lenders and programs. While not a formal loan approval, pre-qualification provides a clear picture of your borrowing power.
Application Submission & Document Collection
Once pre-qualified, Crestico helps you complete a formal loan application and assemble the required documentation. Our team ensures your loan package is complete and professionally presented to the selected lender(s).
Underwriting, Appraisal & Due Diligence
After submission, the lender enters the underwriting phase. During this stage, the loan file is reviewed for accuracy, compliance, and risk. Third-party reports, such as appraisals and environmental assessments, are also ordered.
Loan Approval & Commitment Letter
Once underwriting is complete and all requirements are satisfied, the lender issues a formal loan approval and commitment letter. This outlines the finalized terms and any closing conditions.
Loan Closing & Fund Disbursement
With the commitment accepted, the final step is closing the transaction. Crestico coordinates with the title company, escrow officer, legal teams, and lender to ensure all closing conditions are satisfied and documents are executed properly.
Navigating Your Financing Options
We understand that the range of commercial and business loans can seem complex. Our website is designed to provide clear, concise information to help you identify potential solutions. We encourage you to explore the specific loan program pages for detailed information.
If you’re unsure where to begin or would like personalized guidance, our experienced loan specialists are ready to listen to your needs and help you navigate your options, ensuring you make an informed decision.